Nassau New York License of Rights under Patent

• Category: Copyrights Patents and Trademarks - Licensing
• State: Multi-State
• County: Nassau
• Control #: US-02401BG
• Format: Word; PDF; Rich Text

Description

A license agreement is a legal contract between two parties, known as the licensor and the licensee. In a typical licensing agreement, the licensor grants the licensee the right to produce and sell goods, apply a brand name or trademark, or use patented technology owned by the licensor. In exchange, the licensee usually submits to a series of conditions regarding the use of the licensor's property and agrees to make payments known as royalties. A patent for an invention is the grant of a property right to the inventor, issued by the federal agency charged with administering patent laws, the U.S. Patent and Trademark Office. The term of a new patent is 20 years from the date on which the application for the patent was filed in the United States or, in special cases, from the date an earlier related application was filed, subject to the payment of maintenance fees. US patent grants are effective only within the US, US territories, and US possessions. Nassau County, located in the state of New York, offers various types of licenses for the rights under patent. A license of rights under patent refers to a legal agreement between the patent holder (licensor) and the licensee, granting the licensee the permission to utilize, manufacture, sell, or distribute the patented invention or innovation in return for agreed upon terms and conditions. In Nassau County, New York, the different types of license agreements for patent rights include: 1. Exclusive License: This type of license grants exclusive rights to the licensee, prohibiting the licensor from granting any other licenses for the same invention. The licensee has complete control over the patented technology within the designated territory of Nassau County. 2. Non-Exclusive License: A non-exclusive license allows multiple licensees to utilize and exploit the patented technology simultaneously. The licensor retains the right to grant licenses to other parties as well. This type of license is often preferred when the licensor wishes to broaden the reach of their invention. 3. Sole License: A sole license provides the licensee with exclusive rights to use and commercialize the patented invention, excluding the licensor. However, unlike an exclusive license, the licensor retains the right to utilize the invention for their own purposes, only prohibiting others from doing so. 4. Field-of-Use License: This type of license restricts the licensee to a specific field of use or application for the patented technology. The licensor may grant other licenses for different fields, ensuring broader utilization of the invention across various industries. 5. Domestic License: A domestic license grants the licensee the rights to use and exploit the patented invention within Nassau County, New York, only. This type of license may be preferred by the licensor when they wish to control the distribution and commercialization of their invention in a specific location. 6. International License: An international license provides the licensee with the rights to utilize and commercialize the patented technology not only within Nassau County but also in other countries worldwide. This type of license allows the licensor to tap into global markets and expand the reach of the patented invention. It is important to note that the specific terms and conditions of a Nassau New York License of Rights under Patent may vary depending on the nature of the invention, the parties involved, and the agreements reached between them. These license agreements aim to protect the intellectual property rights of inventors while promoting innovation and economic growth within Nassau County.

Nassau County, located in the state of New York, offers various types of licenses for the rights under patent. A license of rights under patent refers to a legal agreement between the patent holder (licensor) and the licensee, granting the licensee the permission to utilize, manufacture, sell, or distribute the patented invention or innovation in return for agreed upon terms and conditions. In Nassau County, New York, the different types of license agreements for patent rights include: 1. Exclusive License: This type of license grants exclusive rights to the licensee, prohibiting the licensor from granting any other licenses for the same invention. The licensee has complete control over the patented technology within the designated territory of Nassau County. 2. Non-Exclusive License: A non-exclusive license allows multiple licensees to utilize and exploit the patented technology simultaneously. The licensor retains the right to grant licenses to other parties as well. This type of license is often preferred when the licensor wishes to broaden the reach of their invention. 3. Sole License: A sole license provides the licensee with exclusive rights to use and commercialize the patented invention, excluding the licensor. However, unlike an exclusive license, the licensor retains the right to utilize the invention for their own purposes, only prohibiting others from doing so. 4. Field-of-Use License: This type of license restricts the licensee to a specific field of use or application for the patented technology. The licensor may grant other licenses for different fields, ensuring broader utilization of the invention across various industries. 5. Domestic License: A domestic license grants the licensee the rights to use and exploit the patented invention within Nassau County, New York, only. This type of license may be preferred by the licensor when they wish to control the distribution and commercialization of their invention in a specific location. 6. International License: An international license provides the licensee with the rights to utilize and commercialize the patented technology not only within Nassau County but also in other countries worldwide. This type of license allows the licensor to tap into global markets and expand the reach of the patented invention. It is important to note that the specific terms and conditions of a Nassau New York License of Rights under Patent may vary depending on the nature of the invention, the parties involved, and the agreements reached between them. These license agreements aim to protect the intellectual property rights of inventors while promoting innovation and economic growth within Nassau County.